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FEATURE: Tartisan Resources $TTC.ca To Acquire Canadian Arrow Mines $CRO.ca

Posted by AGORACOM-JC at 4:26 PM on Thursday, November 9th, 2017

 

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow

Other Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

Invested in Canadian Arrow Mines $CRO.ca ? Did you see the news? Company to be acquired by Tartisan Resources $TTC.ca

Posted by AGORACOM-JC at 11:08 AM on Tuesday, November 7th, 2017

Recently completed the acquisition of the Ichuña Copper-Silver property located in the Department of Moquegua in Southern Peru as well as Don Pancho Polymetallic Property in Huaral, Peru

READ RELEASE

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan

Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

Eloro $ELO.ca receives water permit for drilling at La Victoria $TTC.ca

Posted by AGORACOM-JC at 3:07 PM on Wednesday, October 25th, 2017
  • Received the use of water permit which allows Eloro to commence diamond drilling on the Rufina zone of the La Victoria gold/silver project in Peru.

Mr. Tom Larsen reports

ELORO RESOURCES COMMENCE DIAMOND DRILLING AT LA VICTORIA GOLD-SILVER PROJECT, PERU

Eloro Resources Ltd. has received the use of water permit which allows Eloro to commence diamond drilling on the Rufina zone of the La Victoria gold/silver project in Peru.

“Although La Victoria is located near world-class gold mines including Yanacocha (Newmont Mining), La Arena (Tahoe Resources) and Lagunas Norte (Barrick Gold) in Peru’s prolific Northern Central Mineral Belt, Eloro’s wholly-owned subsidiary in Peru is conducting the first drill program on La Victoria despite more than 30 years plus of artisanal mining on the property,” said CEO Tom Larsen. “This program should provide effective insights into the continuity of mineralization at depth that the artisanal miners and our geological and geophysical teams have discovered on surface.”

The planned diamond drilling program at Rufina will consist of 16 holes totalling 3,500 m to an approximate down hole depth of between 150 m to 280 metres. A drill contract has been signed with Energold Drilling Peru S.A.C. for NTW diamond drilling. The portable drill rig employed by Energold can be readily moved by existing public trails and requires only minimal drill pad preparation. Two drill rigs will be used with a staggered start to optimize efficiency and reduce overall cost per metre.

Thirteen of the holes are designed to be drilled across the mineralized shear zones and tear faults at Rufina; eight of them will test both the gold mineralization found on surface and the Induced Polarization (IP/Res) anomalies while the remaining three holes will test relevant IP/Res anomalies within the Rufina zone approximately 50 metres below surface.

The budget for the planned 3,500 metre drill program, including the completion of the geophysical program in progress, is CDN$2,000,000. The recent improved exchange rate for the $CDN versus the $US has had a positive effect on the budget numbers. Completion of this program will enable EHR Resources Limited., Eloro’s option and joint venture partner on the project, to satisfy the requirements of the Stage 1 Earn-in Period in order to acquire a 10% interest in La Victoria.

Assaying for the project will be done at SGS del Peru. Eloro employs an industry standard approach for QA/QC with use of standards, blanks and duplicate samples. Work in Peru is supervised by Luc Pigeon, P.Geo. a Qualified Person (“QP”) as defined under National Instrument 43-101 (“NI 43-101”). Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro and a QP as defined under NI 43-101 will provide overall technical guidance for the program.

Results from drilling will be released as received.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 100% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Tahoe’s La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Dr. Bill Pearson, P.Geo., a Qualified Person in the context of NI 43-101 has reviewed and approved the technical content of this news release.

Tartisan Resources Corp. $TTC.ca to Acquire Canadian Arrow Mines Limited $CRO.ca

Posted by AGORACOM-JC at 8:11 AM on Friday, October 20th, 2017

Tartisan logo copy

  • Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited by way of a court-approved plan of arrangement
  • Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan

TORONTO, Oct. 20, 2017 – Canadian Arrow Mines Limited (TSX.V:CRO) – (“Canadian Arrow”) announces that a definitive arrangement agreement (the “Agreement”) has been signed with Tartisan Resources Corp. (CSE: TTC) – (“Tartisan”) whereby Tartisan will acquire all of the issued and outstanding common shares of Canadian Arrow Mines Limited (“Canadian Arrow”) by way of a court-approved plan of arrangement (the “Arrangement”) in accordance with the Business Corporations Act (Ontario) in exchange for common shares in the capital of Tartisan.

Pursuant to the terms of the Agreement, Tartisan would issue to Canadian Arrow Mines Limited shareholders one common share of Tartisan for every 17.5 common shares of Canadian Arrow, resulting in the issuance of approximately 8,000,000 common shares of Tartisan. Additionally, Tartisan would issue up to 4,500,000 common shares of Tartisan to settle Canadian Arrow debt pursuant to debt conversion agreements with various Canadian Arrow creditors. Certain lock up provisions are included in the Debt Conversion Agreements. Tartisan has also agreed to pay the transaction related expenses of Canadian Arrow.

The proposed transaction provides Canadian Arrow shareholders with liquidity, sustaining capital and an opportunity to participate in the potential upside of Tartisan.

The board of directors of Canadian Arrow (the “Canadian Arrow Board”) has approved the Arrangement and the entering into of the Arrangement Agreement and has determined to recommend that shareholders of Canadian Arrow vote in favour of the Arrangement. Completion of the Arrangement is subject to customary closing conditions, including approval of the Ontario Superior Court of Justice (Commercial List), the approval of holders of not less than 66 2/3% of the holders of Canadian Arrow Shares voted at a special meeting of Canadian Arrow shareholders that will be called to approve the Arrangement (the “Special Meeting”) as well as majority of the minority approval as required under applicable Canadian securities laws. The Arrangement is also subject to the approval of the TSX Venture Exchange, the Canadian Securities Exchange and all applicable regulatory authorities, as well other conditions typical for a transaction of this nature.

The terms of the Arrangement will be summarized in an information circular of Canadian Arrow (the “Circular”) that is anticipated to be mailed to the shareholders of Canadian Arrow in connection with the Special Meeting which is expected to be held in early January 2018. Canadian Arrow has received from Harris Capital Corporation an opinion that the Arrangement consideration is fair, from a financial point of view, to the shareholders of Canadian Arrow, and retained Fogler Rubinoff LLP as its legal counsel. Robert M. Isles is acting as legal counsel to Tartisan. A copy of the Arrangement Agreement, the Circular and related documents will be filed with the Canadian regulatory authorities and will be available for review under Canadian Arrow’s SEDAR profile at www.sedar.com.

The Agreement contains customary non-solicitation provisions which are subject to Canadian Arrow’s right to consider and accept a superior proposal subject to a matching right in favour of Tartisan. In the event that the Arrangement is not completed as a result of a superior proposal or for other certain specified circumstances, Canadian Arrow will pay Tartisan a termination fee of $100,000.

The Arrangement constitutes a “business combination” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) for Canadian Arrow as Canadian Arrow is indebted to certain of its directors and such indebtedness will be settled through the issuance of common shares of Tartisan in connection with the closing of the Arrangement. The indebtedness of Dean MacEachern is approximately $9,000, the indebtedness of Kim Tyler is approximately $5,000 and the indebtedness of George Pirie is approximately $20,000. Although Canadian Arrow does not consider the amounts of such indebtedness to be material the fact that such indebtedness is being satisfied through the issuance of common shares of Tartisan in connection with the completion of the Arrangement means that the Arrangement is considered to be a Business Combination for the purposes of MI 61-101. Canadian Arrow is relying on the formal valuation exemption in section 4.4(a) of MI 61-101, on the basis that no securities of Canadian Arrow are listed on the Toronto Stock Exchange or other specified markets. Canadian Arrow will seek the requisite approvals of the Arrangement from its shareholders at the Special Meeting.

If the Arrangement is completed, the common shares of Canadian Arrow will be delisted from the TSX Venture Exchange.

None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

About Tartisan Resources Corp.

Tartisan Resources Corp. is a Canadian mineral exploration and development company focused on project generation of precious and base metal properties. Tartisan owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project just 9 km from Trevali’s Santander Mine and owns a 100% stake in the Ichuna Copper-Silver Project contiguous to Buenaventura’s San Gabriel Property. Tartisan Resources portfolio also includes an equity stake (6 million shares and 3 million warrants @ 40 cents) in Eloro Resources Ltd. (TSX.V:ELO). Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange and is a Member of the CSE Composite Index (CSE:TTC). There are currently 73,052,443 shares outstanding (90,145,827 fully diluted).

About Canadian Arrow Mines Limited

Canadian Arrow is an experienced exploration and mine operating team that is focussed on acquiring and developing economically viable nickel sulphide deposits near existing infrastructure. Canadian Arrow operates in north-western Ontario, near the towns of Kenora and Dryden. The company’s main asset is the Kenbridge Nickel Project, a nickel-copper sulphide deposit containing over 98 million lbs of nickel in Measured & Indicated Resources. The deposit is equipped with a 620m shaft and has never been mined.

Additional information about Canadian Arrow can be found at the company’s website at www.canadianarrowmines.com or on SEDAR at www.sedar.com.

Forward Looking Information

Certain information contained in this news release constitutes forward looking information. All information other than information of historical fact is forward looking information. The use of any of the words “intend”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “would”, “believe”, “predict” and “potential” and similar expressions are intended to identify forward looking information. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking information. No assurance can be given that this information will prove to be correct and such forward looking information included in this news release should not be unduly relied upon.

The forward looking information provided in this news release is based upon a number of material factors and assumptions including, without limitation: (a) that the Arrangement will be completed in the timelines and on the terms currently anticipated; (b) that all necessary CSE, TSXV, court and regulatory approvals will be obtained on the timelines and in the manner currently anticipated; (c) that all necessary Shareholder approvals will be obtained; and (d) general assumptions respecting the business and operations of both Canadian Arrow and Tartisan, including that each business will continue to operate in a manner consistent with past practice and pursuant to certain industry and market conditions.

Readers are cautioned that the foregoing list of risks, uncertainties and assumptions are not exhaustive.

The forward looking information included in this news release is expressly qualified by this cautionary statement and is made as of the date of this news release. Neither Canadian Arrow nor Tartisan undertake any obligation to publicly update or revise any forward looking information except as required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Canadian Arrow Mines Limited

Tartisan Resources Corp. $TTC.ca will be included in the #Tormont50

Posted by AGORACOM-JC at 5:22 PM on Thursday, October 12th, 2017

Tartisan logo copy

  • Tartisan Resources Corp. will be included in the Tormont50
  • Tormont50 is a web based platform and introduction source for companies and institutional investors
  • Provides relevant and credible information on top growth opportunities identified in the North American small and micro-cap segment

The Tormont50 is a web based platform and introduction source for companies and institutional investors which provides relevant and credible information on top growth opportunities identified in the North American small and micro-cap segment.

Companies invited to the Tormont50 demonstrate compelling reasons for investment, including but not limited to, undervaluation relative to peers, new and innovative/disruptive technologies or methods, management/board evolution, upcoming events likely to drive value appreciation and other features which would enable a multiple increase in market cap over the next 6-18 months.

The Tormont50 are showcased to over 70 institutional investors across North America. These investors represent over $15 billion in investable capital. Membership is limited to a maximum of 50 companies.

About TARTISAN RESOURCES

Tartisan Resources Corp. is a Canadian mineral exploration and development company focused on precious and base metals. Tartisan’s portfolio includes; a 100% stake in the Don Pancho Zinc-Lead-Silver Project in Peru, just 9 km from Trevali’s Santander Mine, a 100% stake in the Ichuna Copper-Silver Project in Peru, contiguous to Buenaventura’s San Gabriel Property. Tartisan’s portfolio also includes an equity stake (6 million shares and 3 million warrants @ 40 cents) in Eloro Resources Ltd. (TSX.V:ELO).

Did you know Tartisan $TTC.ca owns 20% equity interest in Eloro $ELO.ca which has 100% stake in the drill ready La Victoria Au-Ag project

Posted by AGORACOM-JC at 10:43 AM on Wednesday, October 4th, 2017

Recently completed the acquisition of the Ichuña Copper-Silver property located in the Department of Moquegua in Southern Peru as well as Don Pancho Polymetallic Property in Huaral, Peru

Investment Highlights

  • 100% stake in the Don Pancho Zn-Pb-Ag project located in the Central Peru Polymetallic Belt with US$1.5M spent including 2,020m of diamond drilling and untested targets
  • 20% equity interest in Eloro Resources Ltd. which owns a 100% stake in the drill ready La Victoria Au-Ag project located in a gold belt that includes Pierina and Lagunas Norte
  • 100% stake in the Ichuña Cu-Ag Project located in a reemerging mining camp with exploration upside on an untested geophysical anomaly
  • Properties well located in an established mining country with high geological potential (only 1.34% of the country registers mining activity)

Tartisan $TTC.ca Launches AGORACOM Online Marketing and CEO Verified Discussion Forum

Posted by AGORACOM-JC at 4:08 PM on Tuesday, October 3rd, 2017

Hub On AGORACOM / Corporate Profile

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) – (“Tartisan or the Company”) is pleased to announce that it is implementing an online marketing and awareness program through AGORACOM.

The Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors.

AGORACOM “CEO Verified”

AGORACOM “CEO Verified” is a free service that provides the first ever identity verification of small cap executives on a finance platform.  For the first time ever, small cap CEO’s and other company officers can post or communicate within a discussion forum without the risk of impersonation leading to catastrophic consequences.  As the ultimate influencers of their own companies, “CEO Verified” Forums will create incredible levels of engagement between companies and investors that have long desired civilized, constructive and factual conversation, with no limitations as to the number of characters.

There are no log-in requirements for investors to read posts. Those wishing to post questions, comments and interact with company officers can quickly log-in using their Facebook or LinkedIn accounts, or create an anonymous new user account.

The Tartisan Resources Discussion Forum can be found at:

https://agoracom.com/ir/TartisanResources/forums/discussion

Verified officers at launch are:

  • Mr. D. Mark Appleby, President & CEO and a Director

Mr. Appleby stated, “Social media participation is very important for growth companies such as Tartisan and AGORACOM forums are purpose built to facilitate intelligent and interactive discussions. I encourage everyone to read and participate in our CEO Verified Discussion Forum to create great, vibrant and constructive discussions for the long-term benefit of everyone.”

Shares for Services Program

The Company intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing and branding services (“Advertising Services”). Pursuant to the terms of the agreement, the company will be issuing;

TERM: October 3, 2017 – October 3, 2018

FEES: $CDN 40,000 + HST

– $40,000 to be paid via Shares for Services in 5 Instalments.

– $8,000 Shares For Services Upon Commencement OCT 3, 2017 (40,000 shares issued)

– $8,000 Shares For Services at end of Third Month JAN 3, 2018

– $8,000 Shares For Services at end of Sixth Month APR 3, 2018

– $8,000 Shares For Services at end of Ninth Month JUL 3, 2018

– $8,000 Shares For Services at end of Twelfth Month OCT 3, 2018

The number of shares to be issued at the end of each period will be determined by using the closing price of the Shares of the Company on the CSE on the first trading day following each period for which the Advertising Services were provided by AGORACOM with a minimum price of $0.20 per share.

The term of the Agreement is for 12 months effective immediately. The Company has issued the first tranche of 40,000 shares.

About AGORACOM

AGORACOM is the pioneer of online marketing, broadcasting, conferences and investor relations services to North American small and mid-cap public companies, with more than 250 companies served. AGORACOM is the home of more than 767K investors that visited 5.4 million times and read 51.5 million pages of information every year. The average duration of visit of 8min 43sec is more than double that of global financial sites, which can be attributed to the implementation and enforcement of the strongest moderation rules in the industry (All Metrics Average 2008 – 2016).

AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion, as well as, implementation of the first ever Investor Controlled Stock Discussion Forums in 2007. 10 years later, in 2017, AGORACOM launched the first ever “CEO Verified” Discussion Forums to allow Small Cap CEO’s and Company officers to post comments in a fully verified, moderated and social media shareable environment.

About TARTISAN RESOURCES CORP.

Tartisan Resources Corp. is a Canadian mineral exploration and development company focused on gold-silver-copper and zinc in Peru. Tartisan owns a 100% stake in the Don Pancho Zinc-Lead-Silver Project just 9 km from Trevali’s Santander Mine and owns a 100% stake in the Ichuna Copper-Silver Project contiguous to Buenaventura’s San Gabriel Property. Tartisan’s portfolio also includes an equity stake (6 million shares and 3 million warrants @ 40 cents) in Eloro Resources Ltd. (TSX.V:ELO). Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 73,052,443 shares outstanding (90,155,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan10032017.pdf

Eloro $ELO.ca Resources receives drill permit at La Victoria $TTC.ca

Posted by AGORACOM-JC at 9:15 AM on Tuesday, September 12th, 2017

Image result for eloro resources

  • Received its permiso para inicio de las actividades de exploracion (drilling permit) 
  • Authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru

ELORO RESOURCES RECEIVES DRILLING PERMIT FOR THE LA VICTORIA GOLD/SILVER PROJECT DRILL PROGRAM

Eloro Resources Ltd.’s wholly owned Peruvian subsidiary Compania Minera Eloro Peru SAC has received its permiso para inicio de las actividades de exploracion (drilling permit) that authorizes the drilling of up to 10 sites within the Rufina zone of the La Victoria gold/silver project, Pallasca province, Ancash department, Peru.

The Drilling Permit is the final requirement to obtain the water permit. The ANA (Peru Water Authority) has already carried out its Property inspection and is now reviewing Eloro’s application. In the meantime, field crews are now proceeding with preparation of the approved drill sites and carrying out improvements to the existing public trail system.

“We are delighted to be on the verge of drilling the La Victoria Gold/Silver Project’s Rufina zone”, said CEO Thomas G. Larsen, “This zone has never been drill-tested even though significant gold mineralization outcrops at surface. Our fall 2016 IP/Res survey identified a large spatially-correlated chargeability and resistivity area beneath the Rufina zone which also will be tested.”

Dr. Bill Pearson, P.Geo., Chief Technical Advisor for Eloro commented: “Recent geological work indicates that the mineralized target zone in Victoria-Victoria South which is up to 200 metres wide extends south for at least 2 kilometres along strike and likely connects with the Rufina zone. This is part of an extensive multi-phase epithermal gold-silver mineralizing system on the La Victoria property centred around the Puca Fault and environs (see press release August 8, 2017). We plan to carry out an aggressive drill program at Rufina while at the same time proceeding with drill permit applications for the other major target areas.”

The Rufina zone is located within the district of Huandoval where Eloro has good social support. District authorities are also favourable to economic development in partnership with the mineral exploration industry. Eloro currently has 14 Huandoval employees working for the IP/Res survey operating within the new Victoria-Victoria South discovery area.

With the award of an option to earn 25% of the Property to EHR Resources Ltd (ASX:EHX) through its Peruvian subsidiary EHR del Peru S.A.C., Eloro is fully financed to carry out the drilling at Rufina. A contract has been signed with Energold Drilling Peru S.A.C., for up to 5000 metres of NTW diamond drilling. The portable drill rig employed by Energold can be readily moved by existing public trails and requires only minimal drill pad preparation.”

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Peru and Quebec. Eloro owns a 100% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Tahoe’s La Arena Gold Mine. The Property consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometres. The Property has good infrastructure with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Dr. Bill Pearson, P.Geo., a Qualified Person in the context of NI 43-101 has reviewed and approved the technical content of this news release.

We seek Safe Harbor.

Tartisan Resources Corp. to Advance Exploration of the Don Pancho Lead- Zinc-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 3:15 PM on Thursday, July 27th, 2017

 

Tartisan logo copy

  • Contracted GEADES Consulting SAC “GEADES”, a company specializing in Social and Environmental Studies to prepare all documents necessary to complete an environmental impact assessment report on the 100% owned Don Pancho property

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) is pleased to announce that they have contracted GEADES Consulting SAC “GEADES”, a company specializing in Social and Environmental Studies to prepare all documents necessary to complete an environmental impact assessment (DIA) report on the 100% owned Don Pancho property. The company will submit the DIA Report to the Ministry of Energy and Mines in Peru in order to obtain a drill permit. The Company will initially apply for a permit allowing for the construction of up to 20 drill pads and an exploration adit of up to 50 metres.

As previously reported in the company’s press release dated March 30, 2017, the mineralization at Don Pancho is hosted in an extensive north-northwest-south-southeast-trending breccia zone measuring over 800 metres in length and 150 to 200 metres in width. The previous operator drilled six diamond drill holes in 2014 totaling 2,021 metres. The results show that several Pb-Zn-Ag intervals were intersected including 40 metres of 0.88 per cent Zn, 0.40 per cent Pb and 7.7 grams per tonne Ag, 22.65 metres of 1.00 per cent Zn, 0.26 per cent Pb, and 6.85 g/t Ag and 1.15 metres of 4.38 per cent Zn, 3.25 per cent Pb and 61.1 g/t Ag. Underground sampling before the previous operators returned 106 g/t Ag, 3.26 per cent Pb and 17.56 per cent Zn over 2.00 metres. The attached table lists the significant drill intersections. Please note that the true width of the mineralization both on the surface and underground workings cannot yet be determined as the controls of the mineralization are yet to be fully understood.

 

Hole # From (m) To (m) Interval m Zn % Pb % Ag g/t
DP14-01 20.00 40.20 20.20 0.50 0.28 8.03
54.25 76.80 22.65 1.00 0.26 6.85
includes 62.70 66.00 3.30 2.85 0.70 22.56
83.00 98.00 15.00 0.26 0.12 3.30
134.90 139.30 4.40 0.43 0.19 7.73
236.30 240.20 3.90 0.86 0.34 11.38
DP14-02 3.95 15.30 11.35 0.50 0.15 5.40
44.80 50.60 5.80 0.41 0.26 5.26
75.50 90.80 15.30 0.93 0.57 10.11
284.95 289.60 4.65 1.24 1.39 24.66
includes 284.95 286.10 1.15 4.38 3.25 61.10
DP14-03 13.80 35.65 21.85 0.51 0.08 0.77
142.70 144.95 2.25 0.52 1.90 26.66
157.00 183.80 26.80 0.03 0.73 12.36
268.40 272.70 4.30 0.44 0.36 10.90
DP14-04 22.90 37.90 15.00 0.80 0.19 3.55
64.00 65.50 1.50 0.73 1.19 21.10
108.80 129.60 20.80 0.53 0.16 2.76
DP14-05 32.45 41.20 8.75 0.45 0.25 5.99
160.50 170.20 9.70 0.33 0.14 6.12
DP14-06 55.10 84.30 29.20 0.74 0.51 10.25
84.30 88.80 no samples
88.80 99.60 10.80 1.28 0.10 0.86

All six holes were drilled with azimuths between 230 degrees and 240 degrees with various inclinations. Drill holes 1 through 5 were drilled at the southern end of an extensive brecciated zone where as drill hole 6 was drilled approximately 600 metres north of the southern drill holes. Only a very small area was drill tested and after field review of the exploration results shows that the direction of the drilling was perpendicular to the fold axis of the local and regional stratigraphy. The Company and its geologists believe this was not the most optimal direction for drilling. The stratigraphy is tightly folded in the project area, and regional north-northeast-south-southwest compression will result in en echelon openings, cross cutting stratigraphy. Structural analysis on the geology in this area suggests that the drilling more likely have been drilled sub-parallel to any potential mineralized zones. The previous owner reinterpreted the structural controls on the mineralization and is confident that the previous operator did not understand the geological model. The Company will use this structural analysis to define and locate new drill targets. A new drilling direction will be applied.

The Don Pancho project is located in a prolific polymetallic mineral belt in central Peru.  Management recently visited the area and was impressed by the availability of power and water. Trevali Mining Corp.’s Santander lead-zinc-silver mine is located nine kilometres to the east of the project. The world-class Iscaycruz and Yauliyacu polymetallic mines operated by Glencore-Xstrata PLC are located 50 kilometres to the north-northwest of the project. Buenaventura’s silver-lead-zinc Uchucchacua mine is located 63 kilometres north of the project. Tinka Resources new Zn discovery on their Ayawilca Project is located 80 kilometers to the north and is hosted in similar geology as Don Pancho.

Mark Appleby the CEO of Tartisan states “The Company is excited to start a new phase of exploration targeting Pb-Zn-Ag mineralization along this extensive altered brecciated zone. Besides being located in a prolific polymetallic belt, having a better understanding of the structural controls for locating new mineralized zones and the recent renewed interest in zinc, the Don Pancho Property is a great opportunity for our the company”.

Jeff Reeder, PGeo, a qualified person in the context of National Instrument 43-101, has reviewed and approved the technical content of this news release.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 73,012,443 shares outstanding (88,905,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com). Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan07272017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Tartisan Resources Corp. Completes the Purchase of the Ichuna Copper-Silver Property in Peru $TTC.ca

Posted by AGORACOM-JC at 5:22 PM on Wednesday, May 24th, 2017

Tartisan logo copy

  • Completed the acquisition of the Ichuña Copper-Silver property in located in the Department of Moquegua in Southern Peru
  • Entered into an agreement with Duran Ventures Inc. to acquire 100 per cent interest

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) has completed the acquisition of the Ichuña Copper-Silver property in located in the Department of Moquegua in Southern Peru.

Tartisan entered into an agreement with Duran Ventures Inc. (“Duran”) to acquire 100 per cent interest in the Ichuña copper-silver property by paying Duran a cash payment $50,000 CDN and issuing 500,000 shares. Duran retains a 2% NSR of which Tartisan may purchase half (1%) of the NSR for $500,000.

The Ichuña property is contiguous to San Gabriel project owned by Peru’s largest mining company Minas Buenaventura (“Buenaventura”). The San Gabriel project was a blind discovery in 2008 and now is reported to contain a resource of 13 million tonnes at 5.26 g/t Au for 2.2 million ounces in the measured, indicated and inferred categories (source Buenaventura website 2017 corporate presentation page 15). Buenaventura consolidated its interest in the project by purchasing Goldfield’s interest in 2014 and revised the project from a large open pit operation to a more profitable underground operation. The main mineralized zone on the San Gabriel project is located just 3 kilometres from the property boundary with Tartisan.

The previous owner acquired the 1,000-hectare Ichuña Property in 2006 before the discovery at San Gabriel. Extensive high-grade surface Cu-Ag mineralization was initially observed by Duran’s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. The main mineralized zone on Buenaventura’s San Gabriel project called the Canahuire Zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on Ichuña has similar characteristics to the Canahuire zone whereby the IP anomaly trends along a recessive area with no outcrop.

Historic work on the property by Duran included seven diamond drill holes totaling 2,754 metres. Drilling did not test the geophysical anomaly. Tartisan intends to test this anomaly with diamond drilling. Initial work will comprise of community relations followed by detailed magnetic surveys. The Company is confident in obtaining community approvals since Buenaventura recently had their Environmental Impact Assessment approved.

Jeff Reeder, PGeo, a qualified person in the context of National Instrument 43-101, has reviewed and approved the technical content of this news release.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 72,862,443 shares outstanding (88,905,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com),. Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan05242017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)

Toronto, Ontario – Tartisan Resources Corp. (CSE: TTC) (“Tartisan”, or the “Company”) has completed the acquisition of the Ichuña Copper-Silver property in located in the Department of Moquegua in Southern Peru.

Tartisan entered into an agreement with Duran Ventures Inc. (“Duran”) to acquire 100 per cent interest in the Ichuña copper-silver property by paying Duran a cash payment $50,000 CDN and issuing 500,000 shares. Duran retains a 2% NSR of which Tartisan may purchase half (1%) of the NSR for $500,000.

The Ichuña property is contiguous to San Gabriel project owned by Peru’s largest mining company Minas Buenaventura (“Buenaventura”). The San Gabriel project was a blind discovery in 2008 and now is reported to contain a resource of 13 million tonnes at 5.26 g/t Au for 2.2 million ounces in the measured, indicated and inferred categories (source Buenaventura website 2017 corporate presentation page 15). Buenaventura consolidated its interest in the project by purchasing Goldfield’s interest in 2014 and revised the project from a large open pit operation to a more profitable underground operation. The main mineralized zone on the San Gabriel project is located just 3 kilometres from the property boundary with Tartisan.

The previous owner acquired the 1,000-hectare Ichuña Property in 2006 before the discovery at San Gabriel. Extensive high-grade surface Cu-Ag mineralization was initially observed by Duran’s geologists and was later followed up by a property wide geophysical survey in 2010. The work identified a large IP geophysical anomaly trending northwest-southeast measuring over 1,500 metres in length. The main mineralized zone on Buenaventura’s San Gabriel project called the Canahuire Zone was a blind target with a strong geophysical response. Economic mineralization in the Canahuire zone does not outcrop at surface and follows a recessive area. The geophysical anomaly on Ichuña has similar characteristics to the Canahuire zone whereby the IP anomaly trends along a recessive area with no outcrop.

Historic work on the property by Duran included seven diamond drill holes totaling 2,754 metres. Drilling did not test the geophysical anomaly. Tartisan intends to test this anomaly with diamond drilling. Initial work will comprise of community relations followed by detailed magnetic surveys. The Company is confident in obtaining community approvals since Buenaventura recently had their Environmental Impact Assessment approved.

Jeff Reeder, PGeo, a qualified person in the context of National Instrument 43-101, has reviewed and approved the technical content of this news release.

Tartisan Resources Corp. common shares are listed on the Canadian Securities Exchange (CSE:TTC). Following the above transaction, there are 72,862,443 shares outstanding (88,905,827 fully diluted).

For further information, please contact Mr. D. Mark Appleby, President & CEO and a Director of the Company, at 416-804-0280 (mark@tartisanresources.com),. Additional information about Tartisan can be found at the Company’s website at www.tartisanresources.com or on SEDAR at www.sedar.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Tartisan05242017.pdf

Source: Tartisan Resources Corp. (CSE:TTC)